ADB commits USD 50 million to accelerate energy transition in Asia-Pacific region

Jun 19, 2024

In order to address development challenges resulting from the effects of climate change in Asia and the Pacific, the Asian Development Bank (ADB) has...

India needs USD 20 billion investments each year to achieve climate targets: Report

Mar 12, 2022

New Delhi [India], March 12 : India needs USD 20 billion worth of investments each year to achieve its climate targets and fund its...

ADB launches pioneering climate action catalyst fund to drive decarbonisation in Asia-Pacific

Dec 09, 2023

According to ADB, Positioned as a trailblazing carbon fund under the Paris Agreement, the CACF aims to mobilize innovative carbon finance through the acquisition...

$300 million from GCF to support ADB's first green recovery plan in SE Asia

Mar 27, 2021

Manila [The Philippines], Mar 27 : South Korea-based Green Climate Fund (GCF) has allocated 300 million dollars to support Asian Development Bank's (ADB's) efforts...

Benefits of global net-zero transition can be 5 times the costs in developing Asia

Apr 29, 2023

The benefits--including avoided economic losses from climate change, as well as improved health thanks to cleaner air--are achievable through targeted policy reforms, according to...

OPEC Fund delivers record results in 2023 with USD 1.7 bn in development funding

Feb 03, 2024

The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to USD 1.7 billion across...